The evolution of the bank-FinTech narrative from competition to hybrid strategy, including innovation arms working on collaboration with startups to launch products or enhance existing offerings, enabled progressive financial institutions to accelerate innovation adoption and retain a competitive position in modern – borderless – economies.

With the aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper, and ultimately helping people to fulfill their hopes and realize their ambitions, HSBC, one of the largest and most progressive institutions globally, serves more than 38 million customers. HSBC uses digital technology to make it simpler, better and faster for its customers to bank with HSBC while keeping their money safe and their data secure.

With its HSBC Edge program, run in partnership with MEDICI, HSBC is looking to identify FinTech companies/startups with products and solutions around global liquidity and cash management.

Shortlisted startups will get an opportunity to pitch their solutions to the judging panel, including HSBC India Global Liquidity and Cash Management (GLCM) senior management and a representative of National Payments Corporation of India (NPCI) on Pitch Day in the second week of December.

Solutions HSBC is looking for

Through HSBC Edge HSBC is looking to identify FinTech companies/startups with products and solutions in the following areas:

Sector-specific last mile payment solutions

Universal payments platform

Consumer payments

Big data

Cross-border payments

More details about the solutions HSBC is looking for can be found here.

Eligibility criteria

Early-stage or matured startups with an MVP addressing any one of the defined problem statements.

Startups should have a working model already with one or more clients anywhere around the world.

Applying startups can be located anywhere globally, with a presence in India, and should have been operating for at least a year.

Timeline

Applications open: October 24, 2018

Applications deadline: November 23, 2018

HSBC will contact selected startups: November 30, 2018

Pitch Day: The second week of December 2018

What’s in it for startups?

A Pitch Day would be held in the second week of December 2018 by HSBC for startups to present their proposed solutions in front of the jury. The jury would consist of HSBC GLCM India’s senior management and a representative from the National Payments Corporation of India (NPCI).

HSBC India will look to partner with the successful startups and will work towards creating and/or commercializing the proposed ideas and solutions.

About HSBC Global Liquidity and Cash Management (GLCM)

HSBC GLCM provides corporate and financial institutions with a suite of solutions and products to help them do business every day. HSBC GLCM helps clients to:

Move their cash: Receivables from their clients and consumers and payables to staff or suppliers – optimize working capital by providing more control over when and how payments/collections are processed.

Have visibility, control, and access to their cash: How much is placed across accounts, geographies, and currencies.

Invest their cash: Helps clients manage their liquidity to ensure they make their cash work hard for their businesses.

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